Political dreams, not business sense drive plan for public takeover of PG&E
It’s not a co-op, despite being “customer owned”. It’s not a utility district or a municipal utility, despite operating “as though it were a public agency”. And it’s certainly not a profit making company. Which leaves wide open the question of what kind of organisational beast San Jose mayor Sam Liccardo and 113 other northern California elected officials think will take over Pacific Gas and Electric’s operations and assets.
The group released a set of “operating principles” for a new, quasi-public entity that would replace PG&E.… More